- APPLY FOR INSTANT Loan Against Property (LAP) -
A Loan Against Property, or LAP, is a secured loan. It helps you to find the value of your residential or commercial property by keeping it as collateral. This loan can be used for different needs such as business expansion, education, or personal needs.
AVA Loans provides loans from the best banks at the lowest interest rate starting from 8.5% R.O.I. Use your property’s potential to fulfill your needs. Get a loan against property at lower interest rates.
It is very easy to get a loan against property with AVA Loans by following simple eligibility criteria:
❏ Age: The age of the borrower should be between 23 years to 65 years of age.
❏ Employment: The applicant should be receiving his or her income as salary or the applicant should be self-employed.
❏ Credit Score: A minimum credit score of 750 or above is required.
❏ Salary: Based on the City, the monthly salary should not be less than ₹22000 for NBFCs and ₹30000 for the banks.
The documents that are necessary for the identification of the applicant, his place of residence, income, and repayment capabilities are the following:
❏ Proof of Identity: Aadhar Card, Voter ID, Passport, PAN Card (Anyone)
❏ Proof of Address: Utility bill-Electricity bill, Gas bill, Telephone bill, Identity proof (Any one)
❏ Proof of Business Existence: Partnership Deed Copy, Trade License, Certificate of Practice, GST Certificate, UDYAM Certificate
❏ Evidence of Earnings: Income Tax Returns for the past three years, Statement of Income, Balance Sheet for Profit and Loss, Statement of Assets and Liabilities, Statements from Bank Accounts for the last six months
❏ Documents Related to Property: All necessary documents concerning the property being discussed
